Mizuho Maintains Buy on Pioneer Natural Resources, Lowers Price Target to $264
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Nitin Kumar has maintained a Buy rating on Pioneer Natural Resources (NYSE:PXD) but has reduced the price target from $301 to $264.
January 03, 2024 | 5:19 pm
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NEUTRAL IMPACT
Mizuho has maintained a Buy rating on Pioneer Natural Resources but lowered the price target from $301 to $264.
While the reduction in price target could suggest a more conservative outlook on the stock's future performance, the maintenance of a Buy rating indicates continued confidence in the company's fundamentals. This mixed signal may lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100